Underwriting Audit Specialist

3 months ago


Johannesburg, Saudi Arabia Santam Insurance Full time

What will make you successful in this role?

  • Perform objective audit reviews within the underwriting processes at Santam Ltd, its subsidiaries, portfolio managers and underwriting agencies;
  • Assist with audit planning in terms of assignment objectives and scope of work; 
  • Responsible for audit execution; reporting in an effective and timely manner and follow-up processes; 
  • Advise on practical recommendations;
  • Follow up on audit issues raised and provide input into the reports to the Santam Audit Committee and other governance structures as required; 
  • Maintain quality standards in terms of the audit methodology, approach and documentation of work performed; and
  • Building relations with partners and various key stakeholders.

Qualification and Experience

  • Bachelor’s Degree / Advanced Certificate in Short Term Insurance would be advantageous;
  • 5 to 7 years short term insurance knowledge, specifically in corporate and commercial insurance;
  • Working knowledge and understanding of treaty, facultative reinsurance processes and reinsurance accounting would be advantageous;
  • Understanding of an outsourced business model; and
  • Experience in performing underwriting and reinsurance reviews would be advantageous.

Knowledge and Skills

  • Knowledge of personal lines, commercial products, assets all risk policies and other business processes including reinsurance;
  • Working knowledge of legislation, regulations applicable to the financial industry FAIS, Insurance Act, TCF, POPi and supporting regulations i.e.: Prudential Authority knowledge of the Governance and Financial Standards of InsurersGOI and FSI
  • General knowledge of various insurance software applications and knowledge of Microsoft Office Excel, Word, PowerPoint and DrawIo at intermediate or advanced;
  • Facilitation skills and ability to influence individuals, groups and teams;
  • Strong verbal and written communication skills;
  • Stakeholder management skills;
  • Influencing and negotiation skills;
  • Excellent interpersonal, communication and networking skills across all levels;
  • Strong integrity and dealing with confidentiality; 
  • Report writing skills; 
  • Professionalism, excellent judgement, use of discretion and problem-solving abilities; 
  • Ability to work and make decisions independently; and 
  • Influencing/ Gaining Commitment.